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Nonprofiteer
← INN BETWEEN OF LONGMONT INC

Form 990 for tax year 2022

Filed by INN BETWEEN OF LONGMONT INC.

Totals

Total revenue
$1,770,987
Total expenses
$1,952,238
Contributions and grants received
$973,116
Grants paid
$0
Program service revenue
$789,753
Investment income
$2,489
Other revenue
$5,629
Total assets, end of year
$4,579,886
Total liabilities, end of year
$2,026,175
Net assets or fund balances, end of year
$2,553,711
Program services expenses (Part IX)
$1,649,585
Management and general expenses
$159,073
Fundraising expenses
$143,580
Program service expenses (Part III)
$1,649,585

Program services were 84.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $189,856

  • 1f · All other contributions, gifts and grants

    $783,260

  • 2a · Program service revenue: RENTAL INCOME

    total $789,753 · related or exempt $789,753

  • 3 · Investment income

    total $2,489 · excluded $2,489

  • 8a · Fundraising events: gross income

    $4,956

  • 8b · Fundraising events: direct expenses

    $6,883

  • 8c · Net income from fundraising events

    total -$1,927

  • 11a · Other revenue: ALL OTHER

    total $7,556 · related or exempt $7,556

  • 11e · Other revenue, total

    $7,556

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $122,627 · program services $97,403 · management and general $9,479 · fundraising $15,745

  • 7 · Other salaries and wages

    total $576,663 · program services $458,020 · management and general $44,607 · fundraising $74,036

  • 8 · Pension plan contributions

    total $17,383 · program services $13,808 · management and general $1,343 · fundraising $2,232

  • 9 · Other employee benefits

    total $68,585 · program services $54,477 · management and general $5,302 · fundraising $8,806

  • 10 · Payroll taxes

    total $58,431 · program services $46,406 · management and general $4,524 · fundraising $7,501

  • 11b · Fees: legal

    total $7,399 · program services $7,399

  • 11c · Fees: accounting

    total $63,201 · management and general $63,201

  • 12 · Advertising and promotion

    total $26,322 · program services $4,955 · fundraising $21,367

  • 13 · Office expenses

    total $13,143 · program services $10,439 · management and general $1,016 · fundraising $1,688

  • 14 · Information technology

    total $14,905 · program services $11,839 · management and general $1,153 · fundraising $1,913

  • 16 · Occupancy

    total $454,465 · program services $444,833 · management and general $4,840 · fundraising $4,792

  • 20 · Interest

    total $60,879 · program services $60,879

  • 22 · Depreciation, depletion and amortization

    total $253,598 · program services $253,598

  • 23 · Insurance

    total $122,531 · program services $100,883 · management and general $20,804 · fundraising $844

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $30,663 · program services $24,355 · management and general $2,371 · fundraising $3,937

  • 24b · Other expenses: BAD DEBTS

    total $29,236 · program services $29,236

  • 24c · Other expenses: TENANT EXPENSES

    total $26,608 · program services $26,608

  • 24d · Other expenses: STAFF DEVELOPMENT

    total $5,408 · program services $4,295 · management and general $418 · fundraising $695

  • 24e · All other expenses

    total $191 · program services $152 · management and general $15 · fundraising $24

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $408,491 · end of year $290,308

  • 3 · Pledges and grants receivable

    beginning of year $38,049 · end of year $118,757

  • 4 · Accounts receivable

    beginning of year $8,901 · end of year $15,257

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,032 · end of year $6,546

  • 10a · Land, buildings and equipment: cost or other basis

    $6,813,541

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,742,390

  • 10c · Land, buildings and equipment, net

    beginning of year $4,277,810 · end of year $4,071,151

  • 15 · Other assets

    beginning of year $67,738 · end of year $77,867

  • 17 · Accounts payable and accrued expenses

    beginning of year $64,154 · end of year $82,463

  • 23 · Secured mortgages and notes payable

    beginning of year $1,967,589 · end of year $1,898,637

  • 25 · Other liabilities

    beginning of year $37,821 · end of year $45,075

  • 27 · Net assets without donor restrictions

    beginning of year $2,675,719 · end of year $2,453,979

  • 28 · Net assets with donor restrictions

    beginning of year $67,738 · end of year $99,732

Mission and programs · 2022

Mission

PROVIDING SUPPORTIVE HOUSING AND PROMOTING STABILITY TO DIVERSE HOMELESS FAMILIES AND INDIVIDUALS BY UTILIZING COMMUNITY RESOURCES, ADVOCACY, AND LIFE SKILLS TRAINING.

  • THE INN BETWEEN VIEWS STABLE HOUSING AS THE FOUNDATION FOR FUTURE GROWTH AND SUPPLEMENTAL SUPPORTIVE SERVICES AS THE EDIFICE FOR LONG-TERM STABILITY. AFFORDABLE HOUSING IS A CRITICAL COMPONENT OF CREATING THRIVING, VIBRANT COMMUNITIES, BUILDING STRONG FAMILIES, AND RECONCILING RACIAL INEQUITIES IN WEALTH, HEALTH, AND EDUCATION. AFFORDABILITY MEANS THAT HOUSING COSTS ARE 30% AMI. ACCORDING TO NUMEROUS STUDIES AND PROMOTED LARGELY BY HUD, QUALITY, STABLE HOUSING, IS A FOUNDATION FOR SELF-SUFFICIENCY. CHILDREN PERFORM BETTER IN SCHOOL, IT CAN ALLOW ADULTS TO RE-ENTER THE WORKFORCE, PURSUE HIGHER EDUCATION, AND DEVELOP NEW SKILLS. THE INN BETWEEN'S OVERALL SUPPORTIVE HOUSING PROGRAM GOALS: - PROVIDE SAFE, AFFORDABLE HOUSING TO THOSE FACING HOMELESSNESS. - EDUCATE AND SUPPORT RESIDENT GOALS TO DEVELOP GREATER SELF-SUFFICIENCY. - COMMUNITY COLLABORATION TO ADDRESS HOMELESSNESS AND AFFORDABLE HOUSING GAPS 2022 RESULTS: GOAL 1: TO PROVIDE SAFE, TIME-LIMITED, LOW-COST HOUSING TO LOW-INCOME HOUSEHOLDS FACING HOMELESSNESS. - THE INN SERVED 212 RESIDENTS; 125 ADULTS (31 OVER AGE 55) AND 73 CHILDREN; 49 DOMESTIC VIOLENCE SURVIVORS, 8 VETERANS, 22 DISABLED, AND 25 IMMIGRANTS. - THE AVERAGE INCOME OF ALL TIB HOUSEHOLDS IS 20% AMI. - 58 UNITS OF TIME LIMITED TRANSITIONAL HOUSING UNITS WERE PROVIDED; 3 WERE FOR THE STUDENT INCENTIVE PROGRAM AND 11 CONTRACTED HOUSING UNDER REFERRAL AGENCY MOUS. 25 UNITS PROVIDED PERMANENT SUPPORTIVE HOUSING (PSH) FOR ELDERLY AND DISABLED. - AVERAGE LENGTH OF STAY AT TH HOUSING UNITS: 26 MONTHS - NUMBER OF UNDUPLICATED HOUSEHOLDS PROVIDED WITH TH UNITS: 75 - 88% OF PROGRAM GRADUATES SECURED STABLE HOUSING AFTER PROGRAM EXIT. - SIX STUDENTS ENTERED THE STUDENT INCENTIVE PROGRAM (SIP) GOAL 2: TO EDUCATE RESIDENTS TO BECOME SELF-SUFFICIENT. - 25 HEADS OF HOUSEHOLDS RECEIVED AN INITIAL "SUCCESS PLAN". - 16 HOH PARTICIPATED IN 6 MONTH PLAN REVIEWS. - 205 INDIVIDUALS ATTENDED 61 LIFE SKILLS TRAININGS, INCLUDING HEATHY HOUSING, HEALTHY RELATIONSHIPS, MOBILITY FOR ALL, FINANCIAL WELLNESS SERIES, AND MORE. THE SELF SUFFICIENCY MATRIX RESULTS INDICATED UPON EXIT: - 88% ACHIEVED HOUSING STABILITY. - 66% IMPROVED FINANCES. - 43% IMPROVED EDUCATION. - 67% IMPROVED HOUSEHOLD MANAGEMENT. THE CURRENT RESIDENT SURVEY INDICATED THAT 94% AGREED OR STRONGLY AGREED THAT THE INN IS HELPING THEM BUILD STABILITY. OF FORMER RESIDENTS 2 YEARS OUT OF PROGRAM, 57% HOLD INCOME-BASED HOUSING AND 43% HOLD NONSUBSIDIZED HOUSING. 100% OF FORMER RESIDENT SURVEY RESPONDENTS INDICATED PERMANENT HOUSING RETENTION. MALE - 105 FEMALE - 107 RACE: AFRICAN AMERICAN - 9, ASIAN - 2, HAWAIIAN / PACIFIC ISLANDER - 1, BI-RACIAL - 9, NATIVE AMERICAN - 8, OTHER - 39 DON'T KNOW/REFUSED TO ANSWER - 33, CAUCASIAN - 101 58 APPLICANTS WERE SCREENED FROM ALL 16 PARTNER AGENCIES. 71% WERE ACCEPTED ONTO THE WAITLIST AND 41 WAITLISTED APPLICANTS ATTAINED HOUSING. A RECENT FORMER RESIDENT SURVEY CONVEYED 95% REMAIN IN STABLE HOUSING, WITH 87% STILL LIVING LOCALLY. OUR LONG APPLICATION WAITLIST AND WAITLISTS FOR SUBSIDIZED HOUSING, PLUS FEW NEW SECTION 8 VOUCHERS MAKES FINDING HOUSING NEARLY IMPOSSIBLE FOR FAMILIES IN THIS LOW-INCOME RANGE WHO ARE GRADUATING FROM OUR TRANSITIONAL HOUSING PROGRAM. THERE HAS BEEN A 30% INCREASE IN PANTRY USE BY CURRENT RESIDENTS AND 10% INCREASE OF USAGE BY FORMER RESIDENTS. THE AVERAGE NUMBER OF MONTHLY VISITS TO THE PANTRY IS 80. GOAL 3: TO COLLABORATE WITH THE COMMUNITY TO ADDRESS HOMELESSNESS AND AFFORDABLE HOUSING NEEDS FOR A DIVERSE, LOW-INCOME POPULATION. A HIGH PERCENTAGE OF HOUSEHOLDS FACING A HOUSING CRISIS ARE FROM HISTORICALLY UNDERREPRESENTED AND UNDERSERVED POPULATIONS. TO EXPAND EQUITABLE ACCESS TO SERVICES, THE INN PARTNERS WITH 16 LOCAL AGENCIES. THIS COLLABORATION PREVENTS THE NEED FOR DUPLICATION OF SERVICES, AS THE PARTNER AGENCIES CAN PROVIDE THE SERVICES THAT ADDRESS THE MORE PARTICULAR NEEDS OF THEIR CLIENTS. FOR INSTANCE, BCAP CAN HELP THEIR CLIENTS NAVIGATE THE MEDICAL NEEDS OF THE POPULATION THEY SERVE.

    Expenses $1,649,585 · Revenue $789,753

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Timothy Rakow

    EXECUTIVE DI

    Total calculated
    $122,627
    From this org
    $112,891
    From related orgs
    $0
    Other
    $9,736
    Hours/week
    40
  • Terry Vratny

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5
  • Eldon Mast

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    5
  • Chris Ray

    TREASURER

    Total calculated
    $0
    Hours/week
    5
  • Don Oest

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Norma Fuentes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Anne Marie Polich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Kelli Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Norma Alba

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Wyatt Forman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Malik Sommers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
23 May 2023
IRS schema version
2022v5.0
Source object
202301439349301065

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